CAIRO - Libya's National Oil Corporation (NOC) said on Monday it was considering declaring force majeure in the Gulf of Sirte area within 72 hours unless production and shipping resume at the oil terminals there.

Mustafa Sanallah, chairman of the state oil firm, added in the statement that the situation was "quite dangerous".

(Reporting by Yasmin Hussein and Alaa Sweilam Editing by Gareth Jones)